Business Spaces in Bhandup

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Bhandup West, Mumbai 1 & 2 Bed Homes

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Situated in the northeastern part of Mumbai, Bhandup is evolving as a major hub for commercial and business activities. The suburb has a strategic location that offers quick access to key areas like the Eastern Express Highway, Kanjurmarg, and Mulund. This makes it a favourable spot for those who wish to set up their business operations in and around the area.

Bhandup has witnessed remarkable developments in residential and commercial spaces, industries and retail outlets. Let’s explore how the area is affordable and provides excellent connectivity to the commercial capital of India, thus making it appealing to SMEs, corporations and startups.

Why Bhandup is the Ideal Location for Business Spaces

In recent years, Bhandup has emerged as an attractive spot for various reasons, which are mentioned below:

Strategic Location: Bhandup is strategically placed amidst various commercial spaces in Mumbai; some of the primary ones include Andheri, Lower Parel and Navi Mumbai through important roads like the LBS Road and the Eastern Express Highway. Also, it has a railway station that offers great connectivity across Central and Western railway lines, which makes it promptly accessible from various parts of the city.
Affordable Real Estate Prices: When compared to several other commercial spots in the city, Bhandup has relatively affordable real estate prices that enable businesses to either purchase or rent out spaces at competitive prices, thus making it a perfect place for organisations that are seeking to save prices on overhead costs.
Connectivity To Industrial Hubs: Bhandup lies near various industrial areas that offer businesses and companies simple access to manufacturers, distributors and suppliers. This can be particularly helpful for companies that operate in the retail, manufacturing or logistics sectors.
Infrastructure Development: Bhandup has undergone a huge transformation in terms of infrastructure in the last few years, with better roads, connectivity and accessibility. This convenience offered by urban office spaces comprising premium amenities is increasing, which makes it lucrative for companies that seek professional working environments.
Residential Demand: Bhandup is blooming as a residential place, making it simpler for corporate employees to reside and work in the same area, alleviating travelling times and enhancing work-life balance. This can lead to improved efficiency, better employee retention and satisfaction.
Growth Scope: As Mumbai’s real estate market is getting saturated over time in developed areas, Bhandup provides long-term growth potential. Therefore, as the developments continue, it is anticipated to become a significant commercial hub of Mumbai.

All the above-mentioned factors blend to make Bhandup a prime location for striking the right balance between connectivity, resource accessibility and affordability.

Investment Potential of Business Spaces in Bhandup

Bhandup provides a strong potential for making investments that are backed by various factors that could define its real estate segment in the future:

Affordability: When compared to other mainstream locations of Mumbai like Bandra, Andheri or South Mumbai, Bhandup is considered to be an affordable suburb in the commercial space. As business operations migrate towards peripheral areas to save costs, Bhandup is an ideal spot that is expected to see a rise in demand for office areas, facilitating long-term capital growth.
Connectivity to Main Business Areas: Bhandup is strategically placed in the central region of Mumbai which makes it a crucial area for many commercial zones. It lies in proximity to suburbs like Mulund, Ghatkopar, and Powai which are evolving commercial hubs in the city. As these locations continue to evolve, Bhandup stands strong to reap advantages due to the rising demand for commercial spaces in the vicinity.
Evolving Residential and Commercial Developments: With continual residential and the emergence of mixed-use projects, the overall demand for commercial hubs is set to increase as more companies look forward to establishing operations in this growing commercial area. This progressive trend in residential and commercial real estate highlights a strong scope for reaping yields on investments in commercial spaces.
Emerging Business Hub: Gradually, Bhandup is transforming from a mediocre residential area into a dynamic commercial hub. A rising presence of office spaces and commercial properties might reflect the development of other suburban commercial areas like Thane and Navi Mumbai, wherein companies tend to derive profits from connectivity and affordability.

Lifestyle and Convenience in Bhandup

Bhandup provides a balance of convenience and lifestyle that makes it a sought-after location for residents and businesses. Here’s a brief breakdown of some vital factors that make Bhandup a lucrative business landscape:

Rail Connectivity: Bhandup has its railway station in Central Mumbai, making it fast and easy to commute to areas like Dadar, Chhatrapati Shivaji Maharaj Terminus and Kurla.
Road Accessibility: The LBS Road and Eastern Express Highway connect Bhandup to various other important areas of Mumbai like Mulund, Thane, Powai and Andheri.
Housing Options: From premium apartments to affordable housing, Bhandup has many options that can cater to various categories of people.
Green Areas: Bhandup has several open spaces and parks like the Bhandup Adivasi Colony Park, wherein residents can come over and relax.
Upcoming Metro: The emergence of new metro lines, particularly the Kalyan-Bhandup Metro will enhance accessibility towards other residential and commercial areas and improve overall convenience.
Healthcare Facilities: Reputed healthcare centres like Fortis Hospital and Sushrut Hospital in Mulund are within reach. Also, various clinics in and around Bhandup ensure basic healthcare needs are catered to at the local level.

How to Choose the Right Business Space in Bhandup?

Selecting the relevant business space in Bhandup needs a thorough assessment of various factors to ensure that the space, area and amenities fit perfectly with the needs and business objectives at an organisational level. Here are some of the important points that you can consider to make a well-informed investment decision:

Employee Traveling: Assess whether the area is convenient for your employees and ensure they can commute easily to the office space without long commutes and other hassles.
Layout: It is important to consider the layout of the commercial hub. Open-plan offices have gained popularity for better interaction and creativity, whereas separate rooms might be a better choice for companies seeking confidentiality or private spaces.
Building Amenities: Search for buildings that offer basic amenities like air conditioning, power backup, internet connectivity and parking space.
Safety Features: Look out for the safety of the building, like access control systems, on-site security staff and surveillance cameras.
Legal Assistance: It is recommended to have a lawyer review contracts, particularly if you are signing a long-term contract or buying the property, to ensure all legal formalities are favourable and clear.

Conclusion

Bhandup offers a great opportunity for businesses to set themselves at the heart of the metro city without incurring hefty costs. The area promises an evolving infrastructure, enhanced connectivity and a booming real estate market. Bhandup is poised to become increasingly lucrative for commercial hubs in the coming years, offering a balanced opportunity to drive growth and deliver long-term value.

Rustomjee has developed elite residential properties in and around Bhandup; get in touch with us to begin a fruitful residential or investment journey.

FAQs

1. What is the average price range for business spaces in Bhandup?

In Bhandup, the average price range normally varies from Rs.50 to Rs.150 per square foot, according to the amenities, location and type of space. Elite commercial spaces or newly constructed apartments might be priced higher, while peripheral areas can be relatively affordable.

2. What are the future trends shaping business spaces in Bhandup?

Trends shaping business spaces in Bhandup include eco-friendly office designs, co-working spaces, and smart building technology to cater to modern business needs.

3. How does Bhandup compare to other Mumbai suburbs for commercial investments?

Bhandup offers more affordable commercial property rates compared to areas like Powai or Thane while maintaining strong connectivity and growth potential.

Disclaimer: KEYSTONE REALTORS LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its Equity Shares and has filed the RHP with RoC on November 5, 2022. The RHP shall be available on the website of SEBI at www.sebi.gov.in, as well as on the websites of the Stock Exchanges i.e. BSE and NSE at www.bseindia.com and www.nseindia.com, respectively, and is available on the websites of the BRLMs, i.e. Axis Capital Limited and Credit Suisse Securities (India) Private Limited at www.axiscapital.co.in and https://www.credit-suisse.com/in/en/investment-banking-apac/investment-bankingin-india/ipo.html, respectively. Any potential investor should note that investment in Equity Shares involves a high degree of risk. For details, potential investors should refer to the RHP, including. the section entitled "Risk Factors" beginning on page 34 of the RHP. Potential investors should not rely on the DRHP filed with SEBI for making any investment decision.

The Equity Shares offered in the Offer have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or any other applicable law of the United States and, unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Accordingly, the Equity Shares are only being offered and sold (i) within the United States only to persons reasonably believed to be °qualified institutional buyers" (as defined in Rule 144A under the Securities Act, "Rule 144A") in transactions exempt from, or not subject to, the registration requirements of the Securities Act, and (ii) outside the United States in offshore transactions in compliance with Regulation S under the Securities Act and pursuant to the applicable laws of the jurisdictions where those offers and sales are made. There will be no public offering of the Equity Shares in the United States.

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